MoMo

People ask, “Why are you always dealing in the hottest issues? What do you think of [insert beta 1.0 stock]?” It is likely they never press 50% common stock gains.

Here we are, FEYE earnings out of the way, and my cost basis is 50 deep. Now what? I’m invested, and cyber terrorists are everywhere. One day your children will graduate with a finance degree, pull up a FEYE weekly chart, and WISH they were around to buy down on those lows. It will look like it was a no-brainer, simple decision.

And, to be frank, it was one of the mildest momentum rides of the last six months.

Now I love trading Nasdaq futures, I love it. The open is pure auction flow. But my efficacy and navigation are limited up at swing high, and aside from some of the basic trades, it is time to focus more on MoMo.

It is time to whip some charts together and take some clean risk.